Block of Apartments
Available is this end-terraced property that has been converted into three flats, all fitted with fire doors, electric heating throughout and with some tenants in situ.
To the ground floor there is a one bedroom flat with use of the garden space. To the first floor, there is a one bedroom flat with separate rooms individually accessed off a shared hallway with access to the second floor flat through a locked door that is located within the shared hallway. To the second floor, there is a a studio flat with kitchenette and shower room. All of these properties require a parking permit for the on street parking located at the front of the property, paid for by the tenant and supplied by Nottingham City Council.
This is a fantastic investment opportunity with the flats currently generating approximately £15,000 per annum with rents that could be increased. This property is being sold with the benefit of no onward chain and is recommended that prospective buyers take an internal viewing.
The property is classed as HMO but does not need a license only a periodic inspection by Nottingham City Council where the owner is required to supply gas safety Inspection Certificates where applicable, electrical safety certificates, confirmation of Fire Alarm and emergency lighting inspection and maintenance visits. All smoke and heat detectors and emergency lighting and alarm sirens are hard wired.
Located in the popular residential town of Long Eaton, close to and within walking distance to a wide range of local schools, shops and parks with supermarkets and healthcare facilities on the doorstep. There are fantastic transport links including nearby bus stops and easy access to major road links such as the M1, A50 and A52 to both Nottingham and Derby with East Midlands Airport and local train stations just a short drive away.
uPVC double glazed window overlooking the rear with door to the rear, wall and base units, integrated oven with electric hob and overhead extractor fan, space for washing machine, space for fridge/freezer, pantry, painted plaster ceiling, ceiling light.
WC, pedestal sink, bath with shower over the bath, built in storage cupboard housing the boiler, wooden flooring.
uPVC double glazed window overlooking the rear, electric fire and electric storage heater, carpeted flooring, painted plaster ceiling, ceiling light.
UPVC double glazed window to the front, electric storage heater, built in cupboard, carpeted flooring, painted plaster, ceiling light.
uPVC double glazed window overlooking the rear, space for washing machine, painted plaster ceiling, ceiling light.
uPVC double glazed window overlooking the rear, electric fire and electric storage heater, carpeted flooring, painted plaster ceiling, ceiling light.
Double glazed window to the front, electric storage heater, carpeted flooring, painted plaster ceiling, ceiling light.
A white three piece suite comprising of a panelled bath, low flush w.c., pedestal wash hand basin, tiled walls and splashbacks, electric shower and UPVC double glazed window to the side.
UPVC double glazed window to the front, door to storage in the eaves with plumbing for the washing machine, carpeted flooring, painted plaster ceiling, ceiling light.
Wall, base and drawer units with roll edged work surface over, stainless steel sink and drainer, built-in cooker with electric hob, tiled walls and splashbacks and extractor fan.
Walk-in shower cubicle with electric shower over, wash hand basin and low flush w.c., tiled walls and splashbacks.
All properties require a permit for on street parking which the tenant is liable to pay for from Nottingham City Council.
We cannot gain access due to having tenants in situ and therefore the floorplans presented are only an example on the layout based on information provided by the current owner.
Please note the internal photos used are of 8 Oxford Street. These are used for representation purposes only due to no access available and both offering similar layouts. Prospective buyers are advised to view the legal pack and carry out their own due diligence prior to placing their bid as this will be binding.
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Permit, On Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
